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MORIROKU HOLDINGS, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 43%

Thu Nov 13, 2025 2:00 pm JST Earnings

4249 MORIROKU COMPANY, LTD. 【J-GAAP】

Earnings Report

MORIROKU COMPANY, LTD. <4249> [TSE Prime] announced its financial results in the afternoon session on November 13th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) surged 2.9 times that of the same period last year, reaching 1.60 billion yen, exceeded the previous forecast of 0.85 billion yen.

However, the full-year forecast for consolidated ordinary profit has decreased 42.9%, from the previous forecast of 4.90 billion yen to 2.80 billion yen (compared to 2.20 billion yen in the previous period), leading to a reduction in the profit growth rate from 2.2 times to 27.0%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 27.2% from the same period last year to 1.19 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of 0.69 billion yen (compared to a loss of 1.01 billion yen in the same period last year). The operating profit margin improved from 0.6% in the same period last year to 2.3%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 66,969 1,049 1,594 976 64.6 25.8 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 71,670 1,626 562 201 13.7 25.5 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 66,298 1,816 1,605 958 66.8 57.3 Nov 13, 2025 J-GAAP
YoY -7.5% +11.7% +185.6% +376.6% +386.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 64,000 900 850 522 36.5 57.50 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 66,298 1,816 1,605 958 66.8 57.50 Nov 13, 2025 J-GAAP
Revision Rate +3.6% +101.8% +88.8% +83.5% +82.9%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 137,000 5,000 4,900 3,200 224.2 115 May 14, 2025 J-GAAP
Mar, 2026 New 131,200 3,500 2,800 1,800 126.1 115 Nov 13, 2025 J-GAAP
Revision Rate -4.2% -30.0% -42.9% -43.8% -43.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 74,504 2,509 1,642 -8,015 -546.1 52.50 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 64,902 1,684 1,195 842 59.0 57.50 Nov 13, 2025 J-GAAP
YoY -12.9% -32.9% -27.2% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 145,638 5,706 6,183 3,022 201.0 100 May 14, 2024 J-GAAP
Mar, 2025 146,174 4,135 2,204 -7,814 -532.4 105 May 14, 2025 J-GAAP
Mar, 2026 Guidance 131,200 3,500 2,800 1,800 126.1 115 Nov 13, 2025 J-GAAP
YoY -10.2% -15.4% +27.0% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 35,410 218 -1,011 -1,348 -92.0 0.6 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 36,256 274 220 -141 -9.7 0.8 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 38,248 2,235 1,422 -7,874 -536.5 5.8 May 14, 2025 J-GAAP
Apr - Jun, 2025 33,821 1,076 906 529 36.7 3.2 Aug 5, 2025 J-GAAP
Jul - Sep, 2025 32,477 740 699 429 29.9 2.3 Nov 13, 2025 J-GAAP
YoY -8.3% +239.4% － － －

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